https://www.taxtmi.com/caselaws?id=21895 HC held that the assessee qualifies as an educational institution "existing solely for educational purposes" under section 10(22) despite having incidental income from property; mere existence of profit or incidental receipts does not disqualify exemption where primary objects and activities are educational. Distinguishing a case where minimal educational expenditure left large surplus for other purposes, the court found the tribunal erred in denying exemption for assessment years 1972-73 to 1977-78 and answered the issue against the Revenue. en-us Fri, 07 Feb 1992 00:00:00 +0530 Fri, 24 Oct 2025 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21895 HC held that the assessee qualifies as an educational institution "existing solely for educational purposes" under section 10(22) despite having incidental income from property; mere existence of profit or incidental receipts does not disqualify exemption where primary objects and activities are educational. Distinguishing a case where minimal educational expenditure left large surplus for other purposes, the court found the tribunal erred in denying exemption for assessment years 1972-73 to 1977-78 and answered the issue against the Revenue. Case-Laws Income Tax Fri, 07 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21895